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Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon
Businesswire· 2024-03-06 22:25
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) and Reinsurance Group of America, Incorporated (NYSE: RGA) have been selected in a pension risk transfer involving Verizon Communications Inc. The transaction will settle approximately $5.9 billion of Verizon pension liabilities and will provide retirement security for a population that includes 56,000 Verizon retirees and their beneficiaries who commenced their benefits before Jan. 1, 2023. Prudential and RGA will each irrevocably gua ...
This is Why Prudential (PRU) is a Great Dividend Stock
Zacks Investment Research· 2024-03-06 17:46
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend ...
Prudential(PRU) - 2023 Q4 - Annual Report
2024-02-20 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-16707 ____________________________________________ Prudential Financial, Inc. (Exac ...
Prudential (PRU) Could Be a Great Choice
Zacks Investment Research· 2024-02-19 17:46
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend y ...
Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044
Businesswire· 2024-02-14 13:35
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No. 744320AN2 / US744320AN25) (the “Notes”). The Notes will be redeemed on March 15, 2024 at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date. A notice of redemption ...
Prudential Financial: A High-Yielding Dividend Stock On Sale
Seeking Alpha· 2024-02-13 19:32
A U.S. Dollar symbol in gold. hometowncd/iStock via Getty Images A common expression within the dividend growth investing community is as follows: The safest dividend is the one that's just been raised. Upon further thought, this makes plenty of sense. When a Board of Directors ups the dividend, it is usually an admission of confidence in the future direction of the company. There are exceptions to the rule, but few boards, in my opinion, would announce a dividend hike only to take it back shortly thereafte ...
Idaho youth honored as Prudential Emerging Visionary
Prnewswire· 2024-02-13 15:06
Coeur d'Alene student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Adeline Smith, 17, of Coeur d'Alene, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others. As one of 25 Prudential Emerging Visionary winners, Adeline will receive a $5,000 award to help take her innovation to the next level. She is also invited on an all-exp ...
Texas youth honored as Prudential Emerging Visionaries
Prnewswire· 2024-02-13 15:06
Nolanville and Houston students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Donte Jennings, 17, of Nolanville, and Saheb Nibber, 17, of Houston, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others. As two of 25 Prudential Emerging Visionary winners, Donte and Saheb will each receive a $5,000 award to help take their ...
Is Prudential Financial (PRU) Stock Outpacing Its Finance Peers This Year?
Zacks Investment Research· 2024-02-09 15:40
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Prudential (PRU) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Prudential is one of 857 individual stocks in the Finance sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks R ...
Are Investors Undervaluing Prudential Financial (PRU) Right Now?
Zacks Investment Research· 2024-02-08 15:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving ...